medium · Volume Spread Analysis climaxes-tests-springs-upthrusts

Before the 1929 and 1987 crashes, a common signal was a 'Hidden Upthrust'.

If a bar closes lower than the previous day but its high exceeded the previous high, how does VSA categorize this bar?

  1. As 'No Supply' because the close was down on potentially low volume.
  2. As an 'End of a Rising Market' signal specifically for indices.
  3. As weakness disguised as an ordinary down-bar.
  4. As a sign of Professional Support because it reached for new highs.

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